Unilever PLC $UL Stake Increased by Patriot Financial Group Insurance Agency LLC

Key Points

• Patriot Financial Group Insurance Agency LLC increased its stake in Unilever PLC by 23.5%, reaching a total of 31,867 shares valued at approximately $1,949,000.
• Unilever recently announced a quarterly dividend of $0.5175 per share, representing a slight increase from the previous dividend, with an annualized dividend yield of 3.5%.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Unilever, with a target price of $73.00, indicating potential growth opportunities.

Patriot Financial Group Insurance Agency LLC grew its holdings in Unilever PLC (NYSE:UL - Free Report) by 23.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,867 shares of the company's stock after purchasing an additional 6,057 shares during the period. Patriot Financial Group Insurance Agency LLC's holdings in Unilever were worth $1,949,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. BSW Wealth Partners lifted its holdings in shares of Unilever by 12.8% in the second quarter. BSW Wealth Partners now owns 8,428 shares of the company's stock valued at $516,000 after purchasing an additional 955 shares in the last quarter. Precision Wealth Strategies LLC purchased a new stake in shares of Unilever in the second quarter valued at $1,045,000. USA Financial Formulas purchased a new stake in shares of Unilever in the second quarter valued at $265,000. PFG Investments LLC lifted its holdings in shares of Unilever by 13.4% in the second quarter. PFG Investments LLC now owns 12,798 shares of the company's stock valued at $783,000 after purchasing an additional 1,512 shares in the last quarter. Finally, Columbia Asset Management raised its holdings in shares of Unilever by 6.3% during the second quarter. Columbia Asset Management now owns 18,435 shares of the company's stock worth $1,128,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Price Performance

Unilever stock opened at $58.90 on Friday. The company has a market capitalization of $144.51 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 3.54 and a beta of 0.40. Unilever PLC has a one year low of $54.32 and a one year high of $65.66. The company's fifty day moving average price is $61.49 and its two-hundred day moving average price is $61.59.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were given a dividend of $0.5175 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Unilever's previous quarterly dividend of $0.52. This represents a $2.07 annualized dividend and a yield of 3.5%. Unilever's dividend payout ratio (DPR) is currently 59.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UL. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a report on Sunday, August 3rd. CICC Research began coverage on Unilever in a report on Thursday, August 21st. They set an "outperform" rating for the company. Finally, Zacks Research upgraded Unilever from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.

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